Idiot Light Question!

I have just purchased a 1999 Z3 and love it although, like any new or used car, the bugs will need to be worked out. Goes with the territory. I noticed today, one of the warning or "idiot" lights came on and I don't know what it means. (Hense the idiot part.) It resembles a wheel or gear with and exclamation ( ! ) point in the middle. Anyone know what it refers to, specifically? Thanks, for any help!

First of all, you need to get an owner's manual and read all the details. Do you have an automatic? gear wheel with ! is automatic transmission problem.
If it's a circle with arrow and triangle with ! then it's the dynamic stability control. If it's flashing, stability control is intervening while you drive, like on a slippery surface - normal. If it's on all the time, the DSC is not working.
That's US. Canadian models vary somewhat.